30 AM.. This represents a gain of 0.6 percent compared to the closing level of the previous day.
Market analysts attribute the upward trend to a shift in seasonal indicators, moving from a “red” to a “green” signal. The upcoming fourth quarter, traditionally the strongest period for the year, coupled with weaker-than-expected U.S. employment data released the previous day, are reinforcing expectations of imminent interest rate reductions by the Federal Reserve. These anticipated measures are providing a supportive layer over existing economic concerns.
The DAX’s performance is also benefiting from the influence of record highs achieved on U.S. markets. Chart technical analysis further suggests that the index’s movement out of a trading range established in September unlocked a potential for gains, a substantial portion of which has already been realized.
Political developments in Washington are also being subtly factored into the market sentiment. Recent months have seen a shift in dynamics, with implications for the ongoing budget standoff. The duration of any potential government shutdown will be heavily influenced by public perception of responsibility and the Democrats’ ability to leverage this situation.
Analysts note that the U.S. President’s reaction is likely to be measured given the concurrent gains in the stock market and the now-anticipated interest rate adjustments. There is a possibility that the shutdown will persist for a longer period.
The Euro was slightly stronger this morning, trading at 1.1749 US dollars.